Following Facebook’s $1 billion acquisition of popular photo-sharing service Instagram, the company is reportedly now considering another billion-dollar deal. According to Israel-based newspaper Calcalist, Facebook is in the late stages of acquisition talks with Israeli social navigation service Waze and the deal could be worth between $800 million and $1 billion. The talks reportedly began six months ago and due diligence is now underway. TechCrunch previously reported that Apple was in talks to acquire Waze, but then later debunked its own report in a subsequent post.
After Apple rumors went nowhere, Facebook now reportedly in talks to buy Waze for $1 billion
Updated May 13th, 2013 8:41AM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
